Honda Canada will postpone a $15-billion Canadian (US$10.7 billion) electric vehicle investment project in Canada's most populous province, including a proposed EV battery plant and retooled vehicle assembly facility. Honda Canada spokesman Ken Chiu said Tuesday due to the recent slowdown in the EV market, Honda has announced an approximate two-year postponement of the comprehensive value chain investment project in Ontario.
    • Mongostein
      8·
      1 month ago

      In a way, yes.

      The plan was probably to have the plant in Canada then export to the states. Now that’s not a great option.

      The article says they plan to post-pone it for two years, lining up with the American mid-terms

      • blindsight@beehaw.org
        2·
        1 month ago

        That was my thought. This gives plausible deniability that it’s not because of the Republicans and is, instead, about EV market fundamentals.